Monday's bitcoin rally could encourage digital-asset inflows because many investors have been on the sidelines since the sell-off in May.
Ethereum funds saw inflows rise for the third consecutive week.
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
The amount of money leaving was significantly less than the previous, record week of $141 million.
Bitcoin’s price volatility spiked in January and could further increase over the near term because “whales” have begun accumulating coins.
The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market.
Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space.
A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.
“HODLing” has returned to a major milestone: The total amount of bitcoins that haven’t changed hands in more than a year has crossed the 10 million mark.